We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We … replicate the standard finding of an endowment effect-the divergence between Willingness to Accept (WTA) and Willingness to Pay … (WTP), but document three new findings. First, we find little evidence that the endowment effect is related to loss …

The endowment effect is a phenomenon whereby ownership increases the perceived value of goods, thereby reducing the … the endowment effect hypothesis, proving that the effect is robust, and likely to also be observed in markets concerning …